Sale of $22.5 million loan tied to property for proposed Lodge at Aspen Mountain

ASPEN REAL ESTATE — A New York-based financial advisory firm on Wednesday selected a winning bidder to buy the $22.5 million promissory note held by a development company that hopes to build a hotel at the base of Aspen Mountain…The land on South Aspen Street is owned by Aspen Land Fund II, a subsidiary of Newport Beach, Calif.-based Centurion Partners, which seeks approval to build a 122,000-square-foot hotel-residence project known as the Lodge at Aspen Mountain.
By Carolyn Sackariason, March 25, 2919 Aspen Times

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